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It's the deleveraging that's going on right now that has caused the credit crisis.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Caused
Credit
Crisis
Right
Going

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Never get too hung up on mistakes.
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If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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Stop trying to predict the direction of the stock market, the economy or elections.
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A Company should be viewed as an unfolding movie, not as a still photograph
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
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I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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What we learn from history is that people don't learn from history.
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The only question is whether you’re going to do it today or tomorrow. If you keep saying you’re going to do it tomorrow, you’ll never do it. You have to get on it today.
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I look at everything. That's my job. I really do, every day. I think about everything.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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People should always know better.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.
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